Is Mount Airy, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Airy has remained a Seller's Market.
Housing Prices in Mount Airy, MD
How much do homes in Mount Airy, MD cost?
Median Sold Price
$565,335
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Airy was $565,335 in April 2024, down 4.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302.5K | $377K | +24.6% |
3 Bedrooms | $415K | $481.2K | +16.0% |
4 Bedrooms | $650K | $650K | 0.0% |
5+ Bedrooms | $740K | $842.5K | +13.9% |
Summary: Mount Airy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 16%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Mount Airy | $593.5K | $565.3K | -4.7% |
Mount Airy | $599.4K | $565.2K | -5.7% |
Housing Supply in Mount Airy, MD
How many homes are available in Mount Airy, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 86 | +41.0% |
Summary: The Mount Airy real estate market had 86 homes for sale in April 2024, a 41.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 16 | 26 | +62.5% |
4 Bedrooms | 27 | 40 | +48.1% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Mount Airy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Mount Airy in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 5% were sold under asking, 18% were sold at asking, and 77% were sold over asking.
Days on Market for Mount Airy, MD
How long does it take to sell a home in Mount Airy, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 6 Days | -60.2% |
Summary: Homes in Mount Airy had an average of 6 days on market in Apr 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Mount Airy; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.